Polaris Portfolios, LLC (Wellesley)

Name: Polaris Portfolios, LLC
Address: 38 Maurice Road, Wellesley, MA, 02482
Telephone: (908) 433-8126

Polaris Portfolios, LLC is an internet adviser based in Wellesley. It manages $935 thousand of regulatory assets for 13 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Massachusetts, Montana, and Texas.

Polaris Portfolios provides portfolio management for individuals and small businesses and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Polaris Portfolios: assets under management

The assets under management (AUM) of Polaris Portfolios, LLC is $935 thousand, all of which is managed in discretionary accounts. The firm's AUM has grown by 1770% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $935 thousand in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $71.92 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 60% of the total AUM. The second-largest asset type is government bonds, which make up 20% of the firm’s portfolio. Investments in state and local bonds form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Polaris Portfolios, LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Polaris Portfolios serves?

The only and largest group of clients of Polaris Portfolios is individuals with 12 clients and $300 thousand of assets under management. Among the 3 most similar advisory firms, Polaris Portfolios has the 0th lowest percentage of individuals out of all clients.

The amount of regulatory assets under management is $300 thousand for 12 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Polaris Portfolios doesn't advise any private funds.

Careers at Polaris Portfolios, LLC

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Evan Alexander Kulak	Managing member, co-founder and chief compliance officer	1 Sep 2015	50% - 75%	6284773
Grant Justin White	Managing member, co-founder	1 Sep 2015	25% - 50%	6596106
Michael James Mcdermott	Managing member, co-founder	1 Sep 2015	25% - 50%	6596088

Based in Wellesley

The principal office where Polaris Portfolios, LLC performs its advisory services is located at 38 Maurice Road, Wellesley, MA 02482, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (908) 433-8126. The normal business hours are 24/7 internet only on Other. You can find more information about the New York firm at polarisportfolios.com.